Compensation of Top Executives: Determinants and Consequences

Dirk Jenter and Kelly Shue, Organizers

December 7, 2023

NBER, 1050 Massachusetts Avenue, Cambridge, MA, Zoom

Conference Code of Conduct

Thursday, December 7
9:00 am
Coffee and Pastries
9:19 am
Competition and CEO Pay:
9:20 am
Jon A. Garfinkel, University of Iowa
Mosab Hammoudeh, University of New Orleans
Steve Irlbeck, University of New Hampshire
Erik Lie, University of Iowa

Competition and Executive Compensation: Evidence from Pharmaceutical Breakthrough Designations
Discussant: Xuelin Li, Columbia University
10:20 am
Matthew J. Bloomfield, University of Pennsylvania

Performance Pay Plans, Power and Product Prices
Discussant: Michael S. Weisbach, The Ohio State University and NBER
11:10 am
11:29 am
Labor and CEO Pay:
11:30 am
Nicholas Bloom, Stanford University and NBER
Scott W. Ohlmacher, Federal Reserve Board
Cristina Tello-Trillo, U.S. Census Bureau
Melanie Wallskog, Duke University

Pay, Productivity and Management
Discussant: Simcha Barkai, Boston College
12:20 pm
1:30 pm
Antonio Falato, Federal Reserve Board
Daniel Gallego, Northwestern University
Hyunseob Kim, Federal Reserve Bank of Chicago
Till M. von Wachter, University of California, Los Angeles and NBER

The Labor Market Impact of Shareholder Power: Worker-Level Evidence
Discussant: Steven N. Kaplan, University of Chicago and NBER
2:20 pm
2:39 pm
Agency and Behavioral Frictions:
2:40 pm
Minjia Li, University of British Columbia

Climate-linked Pay and Supply Chain Management
Discussant: Janet Gao, Georgetown University
3:30 pm
Pierre Chaigneau, Queen’s University
Alex Edmans, London Business School
Daniel Gottlieb, London School of Economics

A Theory of Fair CEO Pay
Discussant: Edward D. Van Wesep, University of Colorado at Boulder
4:20 pm
4:40 pm
Practitioner Panel
Moderator: Kevin J. Murphy, University of Southern California
Ira T. Kay, Pay Governance (background paper1) (background paper2)
Peter G. Reali, Nuveen Investments
5:40 pm
6:30 pm
Dinner, Royal Sonesta Hotel, Skyline Room AB